Dade City, Florida Property Taxes
The median property tax rate in Dade City, FL is 0.74%, which is notably lower than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Dade City at $154,058, the typical annual property tax bill amounts to $1,233, significantly less than the national median of $2,690. Property taxes in Dade City are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Dade City's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Dade City or another part of the county, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dade City, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$1,140
$1,078
$1,148
Average Dade City, Florida Tax Savings
Ownwell’s Dade City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dade City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dade City to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Dade City. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Dade City, Florida
Property taxes in Dade City, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dade City is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Dade City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dade City estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Dade City's effective property tax rate to other counties in Florida and the national median. For comparison, the 33523 zip code has the highest median property tax rate of 0.74%, while the same zip code also has the lowest median tax rate of 0.74%. Understanding how these cities compare with Dade City provides valuable insights into the varying tax landscape across Hernando County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dade City Tax Rate
0.74%
Average Hernando County Tax Rate
0.81%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dade City, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33523 | 0.45% | 0.53% | 0.74% | 1.43% | 1.71% |
Source: Ownwell
$1,148
Average Dade City Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Dade City, Florida
In Dade City, Florida, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Hernando County Property Appraiser for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Dade City, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Dade City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,233, found in zip code 33523.
Average Dade City Assessed Value
$154,058
Average Hernando County Assessed Value
$239,781
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dade City, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33523 | $61,769 | $101,777 | $154,058 | $232,380 | $319,761 |
Source: Ownwell
$1,148
Average Dade City Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Dade City, Florida
In Dade City, property tax bills are calculated based on the assessed value of a home, which is determined by the Hernando County Property Appraiser. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For example, with a median home price of $154,058, homeowners can expect varying tax bills depending on their property's assessed value and applicable exemptions. The 25th percentile tax bill is approximately $813, while the 75th percentile reaches around $1,916. At the 90th percentile, tax bills can climb to $2,838. These tax bills can significantly impact homeowners, affecting their overall housing costs and financial planning. However, homeowners in Dade City can benefit from Ownwell's property tax appeal services. By leveraging expert knowledge and experience, Ownwell helps ensure that properties are fairly assessed, potentially lowering tax bills. This can lead to substantial savings, allowing homeowners to allocate their funds more effectively.
Average Dade City Tax Bill
$1,233
Average Hernando County Tax Bill
$1,941
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Dade City, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33523 | $542 | $813 | $1,233 | $1,916 | $2,838 |
Source: Ownwell
$1,148
Average Dade City Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to petition!
Dates | |
|---|---|
| Appeal Deadline | September 13 |
Links | |
|---|---|
| Hernando Property Appraiser | |
| Website | propsearch.hernandopa-fl.us |
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